Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

U.S. housing starts likely to continue to rebound, firmer builder sentiment to stimulate new home sales

U.S. housing starts data for the month of February is set to release tomorrow. The announcement of the “pause” by the Fed in December spurred a 50 basis points drop in mortgage rates, which seems to have been just in time to stem the fall in residential activity, as housing starts rebounded 18.6 percent in January after the 14 percent fall in December.

The rise in single-family starts in January broke a string of four straight declines. With permits running 15 percent ahead of starts, a continued modest rebound is expected through the spring, noted Wells Fargo in a research report.

Easing of home price appreciation and firming mortgage applications and builder sentiment should stimulate new home sales.

“As a primary transmission mechanism for monetary policy, the housing market will be closely watched this spring for clues as to the efficacy—and sustainability—of the Fed’s new stance”, said Wells Fargo.

At 15:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was slightly bearish at -51.1111 more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2019-06-24 18:35:21
0m
2019-06-24 17:58:11
0m

June 24 22:45 UTC Released

NZTrade - Exports

Actual

5.81 Bln NZ

Forecast

Previous

5.55 Bln NZ

June 24 22:45 UTC Released

NZTrade Balance YY

Actual

-5.49 Bln NZ

Forecast

Previous

-5.48 Bln NZ

January 31 00:00 UTC 734398734398m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 734398734398m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 746218746218m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 734398734398m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 746218746218m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 734398734398m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 734398734398m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 734398734398m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.